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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Axiata Group    AXIATA   MYL6888OO001

AXIATA GROUP

(AXIATA)
  Report
End-of-day quote. End-of-day quote BURSA MALAYSIA - 01/25
3.37 MYR   -2.60%
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SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Telenor still on lookout for deals after failed Axiata M&A - CEO

10/23/2019 | 05:01am EST
Telenor's logo is seen in central Belgrade

OSLO (Reuters) - Norwegian telecoms firm Telenor said it is still interested in potential mergers and acquisitions following the failed deal between its Asian business and Malaysia's Axiata Group.

"We will be looking at value-creating opportunities," Chief Executive Sigve Brekke told a conference call on Wednesday. He declined to elaborate on what those opportunities could be.

Telenor and Axiata in September called off their proposed deal to create a telecoms joint venture with nearly 300 million customers across South Asia and Southeast Asia, blaming "complexities" in the project.

The Norwegian firm recently completed a takeover of Finnish telecoms operator DNA and on Tuesday announced the planned merger of its Canal Digital TV distribution business with Sweden's Nordic Entertainment Group AB.

"We are value driven at anything we do on mergers and acquisitions ... We were value driven in DNA, value driven in Axiata and we will be value driven in anything else we do," Brekke said.

Earlier on Wednesday, Telenor reported third-quarter profits in line with analysts' forecasts and reiterated its full-year outlook. The company said it will present an updated strategy in late January 2020.

Telenor's shares were down 0.9% after the results at 0849 GMT, underperforming a 0.3% drop in the Oslo benchmark index.

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis and Susan Fenton)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 0.08% 25.13 Delayed Quote.62.16%
AXIATA GROUP -2.60% 3.37 End-of-day quote.-9.89%
DNA OYJ 0.00%End-of-day quote.-0.10%
NORDIC ENTERTAINMENT GROUP AB (PUBL) -2.04% 462 Delayed Quote.2.83%
TELENOR ASA -0.45% 145.35 Real-time Quote.0.07%
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Financials
Sales 2020 24 092 M 5 953 M 5 953 M
Net income 2020 793 M 196 M 196 M
Net Debt 2020 16 814 M 4 155 M 4 155 M
P/E ratio 2020 36,3x
Yield 2020 2,38%
Capitalization 29 801 M 7 362 M 7 364 M
EV / Sales 2020 1,93x
EV / Sales 2021 1,81x
Nbr of Employees 12 976
Free-Float 63,4%
Chart AXIATA GROUP
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Axiata Group Technical Analysis Chart | AXIATA | MYL6888OO001 | MarketScreener
Technical analysis trends AXIATA GROUP
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 4,13 MYR
Last Close Price 3,25 MYR
Spread / Highest target 48,9%
Spread / Average Target 27,0%
Spread / Lowest Target 1,54%
EPS Revisions
Managers and Directors
NameTitle
Mohammad Izzaddin bin Idris President, Group CEO, MD & Executive Director
Ghazzali Abdul Khalid Chairman
Vivek Sood Group Chief Financial Officer
Amandeep Singh Group Chief Technology Officer
Nirmal Anthony Rodrigo Group Chief Information Officer
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